In November and December, Realtors across the Tri-Cities will come together to participate in service of their communities by raising food and funds for 2nd Harvest.
Bags will be dropped off on their neighborhood doorsteps and bags and donations will be picked up December 2nd, 2011 and all donations will be be delivered to KNDU the morning of December 3, 2011.
30-year fixed rate mortgage (FRM) averaged 4.22 percent with an average 0.7 point for the week ending September 1, 2011, matching the previous week when it also averaged 4.22 percent. Last year at this time, the 30-year FRM averaged 4.32 percent.
15-year FRM this week averaged 3.39 percent with an average 0.6 point, down the previous week when it averaged 3.44 percent. A year ago at this time, the 15-year FRM averaged 3.83 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week, with an average 0.6 point, down from the previous week when it averaged 3.07 percent. A year ago, the 5-year ARM averaged 3.54 percent.
1-year Treasury-indexed ARM averaged 2.89 percent this week with an average 0.6 point, down from the previous week when it averaged 2.93 percent. At this time last year, the 1-year ARM averaged 3.50 percent.
Ever wonder what is going on in your local Real Estate Market?
There is no need to wonder any longer. At Distinctive Properties, Inc., we provided a weekly report showing what is happening in the area!
Check out our statistics for this week right HERE.
When you are ready to buy, sell or relocate….
Contact
Data analysis firm, ProximityOne, has made their population predictions stating the U.S. Population will rise from 2010 to 2020 to a total of 337.1 million people; this will be a 8.9% increase.
Tri-Cities is ranked number 2 of 10 to see this population increase. They predict our area will see a 35.3% increase, raising the population from 255,485 in 2010 to 345,779 in 2020. Below are the other areas that made the top 10.
| Rank | Metro area | Pop. 2010 | Pop. 2020 (projected) | % change |
| 1 | Raleigh-Cary, N.C. | 1,140,057 | 1,546,556 | 35.70% |
| 2 | Kennewick-Pasco-Richland, Wash. | 255,485 | 345,779 | 35.30% |
| 3 | Austin-Round Rock, Texas | 1,729,845 | 2,302,813 | 33.10% |
| 4 | Provo-Orem, Utah | 530,931 | 700,234 | 31.90% |
| 5 | Hinesville-Fort Stewart, Ga. | 78,595 | 102,769 | 30.80% |
| 6 | Logan, Utah-Idaho | 126,348 | 163,550 | 29.40% |
| 7 | Grand Junction, Colo. | 147,759 | 190,114 | 28.70% |
| 8 | McAllen-Edinburg-Mission, Texas | 779,858 | 992,706 | 27.30% |
| 9 | Idaho Falls, Idaho | 131,198 | 166,378 | 26.80% |
| 10 | Charlotte-Gastonia-Concord, N.C.-S.C. | 1,769,001 | 2,236,368 | 26.40% |
Kennewick, Richland, Pasco was ranked #2 following the 32.6% population increase seen from 2000 to 2010. Due to the areas relatively low unemployment rate (7.3 percent in April) and a multi-industry economy, Inman’s voted Tri-Cities #5 in their top ten Real Estate markets to watch in 2011.
Among the 366 metro areas in the U.s., 43 areas are expected to see population decreases.
| Rank | Metro area | Pop. 2010 | Pop. 2020 (projected) | % change |
| 1 | Flint, Mich. | 424,564 | 375,775 | -11.50% |
| 2 | Jackson, Mich. | 160,011 | 149,027 | -6.90% |
| 3 | Crestview-Fort Walton Beach-Destin, Fla. | 180,519 | 168,243 | -6.80% |
| 4 | Youngstown-Warren-Boardman, Ohio-Pa. | 564,856 | 527,389 | -6.60% |
| 5 | Kokomo, Ind. | 98,535 | 92,721 | -5.90% |
| 6 | Pine Bluff, Ark. | 100,107 | 94,213 | -5.90% |
| 7 | Steubenville-Weirton, W.Va.-Ohio | 124,273 | 117,110 | -5.80% |
| 8 | Mansfield, Ohio | 124,306 | 117,308 | -5.60% |
| 9 | Detroit-Warren-Livonia, Mich. | 4,290,394 | 4,055,769 | -5.50% |
| 10 | Danville, Ill. | 81,529 | 77,599 | -4.80% |
If you are ready to buy, sell or relocated….Contact Distinctive Properties, Inc.!! (509) 783-1431!
We provide weekly statistics on Real Estate in the Tri-City area.
Here are this weeks for your enjoyment…. http://www.distinctiveprop.com/files/files/12.13.2010Stats.pdf
Do you or someone you know need a Real Estate Agent in Kennewick, Pasco, Richland or surrounding areas? Contact Distinctive Properties, Inc today!!
